Dear Friends,
Currently I’m using National City Mtg. for quoting out a construction to perm. loan in So. California. Any recommendations for competitive lenders out there?
Thanks in advance
Dear Friends,
Currently I’m using National City Mtg. for quoting out a construction to perm. loan in So. California. Any recommendations for competitive lenders out there?
Thanks in advance
What’s wrong with National City? They are pretty easy to deal with from a broker’s perspective. Are you going direct or through a broker?
IndyMac is competitive as far as products, but their service isn’t as good as National City’s in my opinion. First Horizon is a good option in terms of service & products. Chase Manhattan Bank, Chevy Chase Bank, and Washington Mutual all have construction loan programs as well… but National City, First Horizon, & IndyMac are the industry leaders in my opinion.
Since I am new to construction loans, I was not sure if I was working with a good lender. But, your confidence in National City and mentioning the other banks is very helpful.
Thank you for you valuable insight.
The other nice thing about Natl. City is that they pay the yield at closing, where First Horizon does not pay until modification. I have heard nothing but NIGHTMARES about Indymac.
Thanks for the insight :).